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Enterprise Information Roundup, April 11


BofA restricts

gun financing

Financial institution of America plans to cease lending to firms that make assault-style weapons used for non-military functions.

“It’s our intention to not finance these military-style firearms for civilian use,” Anne Finucane, a vice chairman at Financial institution of America, mentioned Tuesday on Bloomberg Tv.

It’s the primary time an govt on the nation’s second-largest financial institution has mentioned the way it will cope with gun-industry shoppers within the wake of the Florida highschool capturing in February.

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